The online resale platform posted a net loss of $5,575,000 for the fourth quarter, down 74% from $21,707,000 a year ago, on 18% revenue growth to $79,704,000 from $67,276,000 as active buyers increased 30% to 1.65 million and orders increased 27% to 1.56 million. The top line got a lift from new buyer acquisition and improved LTV-to-CAC efficiency. New buyers were up 57% in the quarter, while repeat purchases were also up, as new buyers picked up earlier in 2025. Gross margin contracted 80 b.p. to 79.6%, coming in ahead of ... Log in to view full article.